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Headlines Now
INTERNATIONAL
'Fiji Water' flush with success in American markets
Auckland: What have 'Ally McBeal', 'The Sopranos', 'Boston Public' and 'West Wing' got in common other than being top rating American television shows? The answer lies in the water.

Importance of regional pacts stressed at WTO meet
Zagreb: Regional trade pacts play an important role, Central and South Eastern European countries told a World Trade Organisation (WTO) meeting on June 12, but stressed they were committed to the multilateral system at the same time.

Closer Asia-Pacific ties to build bio-tech industry
Toronto: Asia-Pacific countries, hoping to get a greater footing in the multi-billion Dollar global bio-tech market, vow to work more closely together to build their nascent industries at the world's biggest bio-tech meeting here.

Judge refuses to dismiss case against Microsoft
Washington: A federal judge refused on June 12 to throw out the antitrust case against Microsoft by states seeking tougher sanctions than the deal negotiated in 2001 by the federal government.

Air India turns corner, to have brand new image
London: Air India, the national carrier, has turned the corner after being in the red for seven years and will have a brand new image by the year end, Minister for Civil Aviation, Syed Shahnawaz Hussain has said.

Japan to explain tax reform programmes to G8 partners
Tokyo: Japan will explain to its partners in the Group of Eight (G8) most industrialised nations, a tax reform programme to stimulate its economy this weekend, but economists are unsure it will be implemented because of divisions in the government and ruling coalition.

NATIONAL
RBI projects 6 to 6.5 % growth in current fiscal
New Delhi: Reserve Bank of India on June 13 projected an economic growth of 6 to 6.5 per cent for the current financial year and said there was enough liquidity in the system to take care of industrial recovery.

RBI bank rate to be cut if required, says Jalan
New Delhi: Favouring a soft interest rate regime, Reserve Bank of India (RBI) on June 13 said bank rate would be cut if the liquidity conditions demand so.

Expert seeks shorter testing time for new products
Bangalore: Principal Scientific Advisor to government of India, R Chidambaram, on June 13 called for policy changes to ensure that new and innovative products in the knowledge-based industries were "accepted" without delay and was not subjected to long periods of "trying out".

Kinetic launches 'high profile' Boss motorcycle
Bangalore: Boss, the latest offering by Kinetic Engineering Limited was launched on June 12. Boss, a four-stroke 100cc motorcycle is being looked at as an absolute "value for money" bike, according to an official press release.

Industry must exploit Tripura gas reserves: Minister
Kolkata: Union Minister of State for Chemicals and Fertilisers Satyabrata Mookerjee has said Indian industries should make efforts to utilise huge gas reserves in Tripura and hinted that a pipeline could be built for bringing the gas from that state to West Bengal.

SENSEX opens firm, positive turn in IT stocks
Mumbai: The SENSEX opened firm and showed signs of recovery in line with a positive turnaround in IT stocks at early stages on the Bombay Stock Exchange (BSE) on June 13 on fresh buying support by punters as well as institutional investors.

Swiss, Germany institutes to set up units in B’lore
Bangalore: Two research institutions based in Switzerland and Germany would set up centre of excellence in microelectronics and applying information technology to non-IT sectors in Bangalore, envisaging an investment of about Rs 40 crore, a senior Karnataka government official said on June 13.